Texas Mortgage Lender Hope Tree Home Loans Report Record Houston Home Loans as Recovery of Texas Housing Market Moves Ahead at Full Steam
HOUSTON, TEXAS (PRWEB) August 13, 2013 -- Hope Tree Home Loans, the Houston home loan leader, has announced that second quarter Texas home sales jumped up nearly 18 percent from the same period last year. According to the Texas mortgage lender, the dramatic rise in the number of home sales is a tell tale sign that the Texas housing market quickly gaining steam on the road to recovery.
The number of home sales wasn’t the only number on the rise, the median price of homes rose nearly 10 percent in the state of Texas alone. But perhaps the best news of all is that in the second quarter of 2013, home sales in Houston rose a dramatic 21 percent from the same period last year.
The recovery of the housing market means many things to many different people, and to those thinking about purchasing a new home it means they need to act fast. The Houston home loan experts at Hope Tree Home Loans recommend that potential homebuyers move fast before home prices rise any higher.
The 10 percent rise in median home prices is only the tip of the iceberg; home prices in Texas are expected to continue to rise at a steady pace. According to Jim Gains, an economist with the Real Estate Center at Texas A&M University, there are many factors that make the Texas housing market a hot bed for growth.
“We have, here in Texas and particularly in Houston, have been leading the country in job creation and in population growth and other business activity, health care, public services, business services growth, even our construction sector, which did take a big hit, has come back reasonably strong here in the last year or so, so we've been able to attract activity to the area that has sustained the improvement and the growth in the marketplace," said Gains.
Those interested in getting in on the housing market before prices rise any further are urged to call Hope Tree Home Loans now at (888) 227-8686 to discuss their Houston home loan options. For more information and to view current Texas mortgage rates, please visit Hope Tree Home Loans online at http://www.hopetreehomeloans.com.
Media Relations, On Call News, +1 310-498-9303, [email protected]
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